HomeMy WebLinkAboutDocumentation_Regular_Tab 02_07/09/2009~`~,
VILLAGE OF TEQUESTA
~' AGENDA ITEM TRANSMITTAL FORM
~~
1. VILLAGE COUNCIL MEETING:
Meeting Date:
July 9, 2009 Meeting Type: Regular Ordinance #:
Consent Agenda: No Resolution N/A
Originating Department: Finance
2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Set proposed ad valorem millage rate for the 2009-2010 budget.
Set date for the first public budget hearing.
3. BUDGET /FINANCIAL IMPACT:
Account N/A Amount of this item N/A
Current Budgeted Amount Available:
N/A Amount Remaining after item:
N/A
Budget Transfer Required: No Appropriate Fund Balance: Choose an item.
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Set proposed ad valorem millage rate for the 2009-2010 budget.
Set Date for the first public budget hearing.
5. APPROVALS:
Dept. Head: JoAnn Forsythe Finance Director: JoAnn Fors the
Attorney: (for legal sufficiency) Yes ^ No ^
Village Manager:
SUBMIT FOR COUNCIL DISCUSSION: [~}'
APPROVE ITEM:
DENY ITEM: ^
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FIN~~NCE DEP ~RTl~~NT
DATE: JULY 2, 2009
TO: MICHAEL R. COUZZO, VILLAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: SET PROPOSED AD VALOREM MILEAGE RATE FOR F/Y/E 9/30/2010 AND
SET THE FIRST PUBLIC BUDGET HEARING DATE
Please add to the agenda July 9, 2009 Regular Meeting of the Village Council the following:
1. Set proposed ad valorem millage rate for the 2009-2010 budget
2. Set the first public budget hearing date.
a. Board of County Commissioners has set their dates as September 8~ and September 21,
2009.
b. School Board has set tentative dates as Tuly 29~ and September 9.2009.
Per your request, I have prepared FORM DR-420 Cert~cation of Taxable Value, using the current mtllage
rate of 5.7671.
7/2/0911:38 AM
CERTIFICATION OF TAXABLE VALUE DR-420
R. 6/09
.. ~ Florida Administrative Code
DEPARTMENT Rule12DER09-01
(]F REVENUE
Year 2009 County Palm Beach
Principal Authority Village ofTequesta Taxing Authority Village of Tequesta
SECTION I: COMPLETED BY PROPERTY APPRAISER
1. Current year taxable value of real property for operating purposes $ 813,325,115 (1)
2. Current year taxable value of personal property for operating purposes $ 19,867,770 (2)
3. Current year taxable value of centrally assessed property for operating purposes $ 713,541 (3)
4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 833,906,426 (4)
Current year net new taxable value (Add new construction, additions, rehabilitative
5. improvements increasing assessed value by at least 100%, annexations, and tangible $ 5,379,832 (5)
personal property value over 115% of the previous year's value. Subtract deletions.)
6. Current year adjusted taxable value (Line 4 minus Line 5) $ 828,526,594 (6)
7. Prior year FINAL gross taxable value (From prior year applicable Form DR-403 series) $ 926,207,036 (7)
8' Does the taxing authority include tax increment financing areas? If yes, enter number of ^ ®
Yes NO Number
(8)
worksheets (DR-420TIF) attached. If none, enter 0.
Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or Number
9. less under s. 9(b), Article VII, State Constitution? If yes, enter the number of forms ~ Yes ®No (9)
DR-420DEBT, Certification of Voted Debt Millage for each debt service levy.)
W Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.
~ W Signature of Property Appraiser Date
N 2
SECTION II: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, -0-.
10. Prior year operating millage levy (if prior year millage was adjusted then use adjusted
millage from Form DR-422.) 5.7671 per $1,000 (10)
11. Prioryear ad valorem proceeds (Line 7 multiplied by Line 10 divided by 1,000) $ 5,341,529 (11)
12 Amount, if any, paid or applied in prior year because of an obligation measured by a
dedicated increment value (Sum of either Lines 6c or Line 7a for all DR-420TIF forms) $ (12)
13. Adjusted prior year ad valorem proceeds (Line 11 minus Line 12) $ 5,341,529 (13)
14. Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR-420TIF forms) $ (14)
15. Adjusted current year taxable value (Line 6 minus Line 14) $ 828,526,594 (15)
16. Current year rolled-back rate (Line 13 divided by Line 15, multiplied by 1,000) 6.4470 per $1000 (16)
17. Current year proposed operating millage rate 5.7671 per $1000 (17)
18 Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided by
1,000) $ 4,809,222 (18)
Continued on page 2
DR-420
R. 6/09
Page 2
County ~ Independent Special District
19. TYPE of principal authority (check one) (19)
® Municipality ~ Water Management District
®Principal Authority ~ Dependent Special District
20. Applicable taxing authority (check one) (20)
MSTU ~ Water Management District Basin
21. Is millage levied in more than one county? (check one) ~ Yes ® No (21)
DEPENDENT SPECIAL DISTRICTS AND MSTUs ~ STOP HERE -SIGN AND SUBMIT
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all
22. dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all $ 5,341,529 (22)
DR-420 forms)
23• Current year aggregate rolled-back rate (Line 22 divided by Line 15, multiplied by 1,000) 6.4470 per $1,000 (23)
24. Current year aggregate rolled-backtaxes (Line 4 multiplied by Line 23, divided by 1,000) $ 5,376,213 (24)
25 Enter total of all operating ad valorem taxes proposed to be levied by the principal taxing $ 4,809,222 (25)
authority, all dependent districts, and MSTUs, if any. (Total of Line 18 from all DR-420 forms)
26 Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied 5.7671 per $1,000 (26)
by 1,000)
27 Current year proposed rate as a percent change of rolled-back rate (Line 26 divided by Line -10.55 % (27)
23, minus 1, multiplied by 100)
First public Date Time Place
budget hearing
I certify the millages and rates are correct to the best of my knowledge.
Taxing Authority Certification The millages comply with the provisions of ss. 200.065 and 200.071 or
200.081, F.S.
Signature of Chief Administrative Officer Date
W
W
= Title Contact Name
Z
~ Village Manager JoAnn Forsythe, Finance Director
_
~ Mailing Address Physical Address
345 Tequesta Drive 345 Tequesta Drive
City, State, Zip Phone Number Fax Number
Tequesta, Florida 561-575-6270 561-575-6232
Instructions on page 3